Accounts Receivable & Payable Specialist

LSI Industries, Inc.•Blue Ash, OH

2d•Onsite

About The Position

Headquartered in Cincinnati, LSI Industries (NASDAQ: LYTS) specializes in the creation of advanced lighting, graphics, and display solutions across strategic vertical markets. The company’s American-made products, which include lighting, print graphics, digital graphics, refrigerated and custom displays, aim to help businesses stand out in a competitive market. With a workforce of approximately 2,000 employees and 19 facilities throughout North America, LSI provides top-quality solutions for its clients. LSI’s management team is focused on continued profitable growth. We are looking for a Accounts Receivable and Payables Specialist to support our team at our corporate location in Cincinnati, Ohio Summary: The primary function of the Accounts Receivable/Accounts Payable Specialist will be to provide general accounting and administrative services to ensure efficient, timely and accurate customer billing, resolution of billing discrepancies, collection of delinquent customer accounts, processing vendor invoices, reconciling vendor accounts, and backing up vendor disbursements. This position reports directly to the Director, Corporate Financial Shared Services (FSS).

Requirements

An associate degree is preferred
At least seven (7) years of direct experience with customer billing and account collections, cash application, and vendor invoice processing.
Experience with ERP systems, such as JDE, Intuitive, NetSuite, etc.
Proficiency with Microsoft Office applications.
Knowledge of sales and use tax rules.
Enjoy working in fast-paced, deadline driven environment.
Strong attention to detail with dedication to accuracy and organization.
Problem analysis and resolution skills.
Outstanding verbal and written communication skills.
Ability to multi-task and work independently while understanding the necessity of being a collaborative and positive team member.

Responsibilities

Daily processing/issuance of customer billing
Upload bills into customer specific service portals as/if required
Issuance of credit memos and other authorized billing adjustments
Prepare chargebacks for unauthorized deductions and unearned discounts
Monitor customer account details for non-payment, delayed payments, and other irregularities
Liaison with customers and internal business partners (primarily Sales and Customer Service) to investigate and resolve billing issues and/or payment discrepancies to status and collect past due amounts
Setup and maintenance of Customer master records
Provide information to customer service and sales departments as requested
Support month-end bad debt reserve analysis
Assist with month-end closing by completing billing and reporting activities according to specific close schedule guidelines
Provide support for internal and external audits if/as needed
Perform other associated duties as assigned
Vendor invoice review/validation
Vendor invoice processing (Purchase order and non-purchase order based) including 3-way matching
Invoice coding and distribution via invoice approval workflow system conforming to standard procedures to ensure proper approval for entry into the financial system
Work with business partners to resolve invoiced and un-vouchered discrepancies in receipts and pricing or other invoice hold issues
Receives, researches and resolves a variety of routine internal and external inquiries concerning account status, including communicating the resolution of discrepancies to appropriate business partners and/or the vendor
Status vendor accounts to ensure company is current with payments
May assist in monthly closings and status reporting
Perform other duties that are needed to support the accounting department.